Billionaire Investors Dump Super Micro Stock for More Stable AI Bets
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Three billionaires - Steven Cohen, Ken Griffin, and Israel Englander - sold large positions in Super Micro Computer (SMCI) stock in Q4 2022.
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They purchased shares of other AI stocks instead, including Amazon (AMZN), Dell, Nvidia (NVDA), Advanced Micro Devices (AMD), Alphabet (GOOGL), and Apple (AAPL).
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Super Micro has benefited from AI hype but faces risks like Nvidia supply constraints and failing to meet high growth expectations.
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The billionaires opted for more stable AI bets, focusing on infrastructure providers like AWS and chipmakers like Nvidia and AMD.
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Google Cloud, Apple services, and other platforms also stand to gain from expanding AI adoption over time.